SB209
SB209 By Senator Holtzclaw ENROLLED, An Act, Relating to credit unions; to amend Sections 5-17-2, 5-17-4, 5-17-6, 5-17-7, 5-17-8, 5-17-10, 5-17-11, 5-17-12, 5-17-13, 5-17-19, 5-17-21, 5-17-22, 5-17-42, 5-17-45, 5-17-46, 5-17-47, 5-17-51, 5-17-52, 5-17-54, and 5-17-55, Code of Alabama 1975; to clarify and codify certain powers of credit unions, including, but not limited to, loan purchases, borrowing capacity, mergers, voluntary dissolutions, and other measures to provide parity with products and services offered by federal credit unions; to provide appellate rights for persons affected by a suspension of operation of a credit union; to authorize the Administrator of the Alabama Credit Union Administration to involuntarily merge a credit union into another credit union or another financial institution in certain extenuating circumstances; to modernize the bond provisions covering employees of the Alabama Credit Union Administration by providing that the employees are bonded under the...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB209.htm - 74K - Match Info - Similar pages
HB367
175072-1:n:03/02/2016:PMG/th LRS2016-921 HB367 By Representative Johnson (K) RFD Financial Services Rd 1 03-MAR-16 SYNOPSIS: This bill would clarify and codify certain powers of credit unions, including, but not limited to, loan purchases, borrowing capacity, mergers, voluntary dissolutions, and other measures to provide parity with products and services offered by federal credit unions. This bill would provide appellate rights for persons affected by a suspension of operation of a credit union. This bill would authorize the Administrator of the Alabama Credit Union Administration to involuntarily merge a credit union into another credit union or another financial institution in certain extenuating circumstances. This bill would modernize the bond provisions covering employees of the Alabama Credit Union Administration by providing that the employees are bonded under the Alabama Division of Risk Management. This bill would provide the Administrator of the Alabama Credit Union...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB367.htm - 75K - Match Info - Similar pages
HB326
173229-1:n:02/04/2016:PMG/mfc LRS2016-261 HB326 By Representatives Todd, Hall, Coleman, Moore (M), Rogers, Jackson, England, Melton, Grimsley, Morrow, Beech, Buskey, Howard, Bracy, Polizos, Drummond, Forte, Warren, Greer, Sessions, Gaston, Pringle, Collins, Nordgren, Rowe, Henry, Treadaway and Harper RFD Financial Services Rd 1 25-FEB-16 SYNOPSIS: Under existing law, title loan lenders are not licensed. This bill would provide for the licensure and regulation of title loan lenders by the State Banking Department. This bill would prescribe maximum annual interest rates for title loans. This bill would prescribe procedures when there is a default of a title loan. This bill would prohibit the issuance of a title loan to a person under the age of 19 years. This bill would provide for the enforcement of the act by fines and criminal penalties. Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB326.htm - 47K - Match Info - Similar pages
SB301
173229-1:n:02/04/2016:PMG/mfc LRS2016-261 SB301 By Senator Orr RFD Fiscal Responsibility and Economic Development Rd 1 24-FEB-16 SYNOPSIS: Under existing law, title loan lenders are not licensed. This bill would provide for the licensure and regulation of title loan lenders by the State Banking Department. This bill would prescribe maximum annual interest rates for title loans. This bill would prescribe procedures when there is a default of a title loan. This bill would prohibit the issuance of a title loan to a person under the age of 19 years. This bill would provide for the enforcement of the act by fines and criminal penalties. Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, prohibits a general law whose purpose or effect would be to require a new or increased expenditure of local funds from becoming effective with regard to a local governmental entity without...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB301.htm - 46K - Match Info - Similar pages
HB459
attorneys, engineers, consultants, and other professionals as the board shall deem necessary for the conduct of the business of the institute. "(13) To provide grants to educational, governmental, nonprofit, community-based, workforce development, economic development, and other organizations and associations engaged in the education, recruitment, training, placement, and professional development of persons engaged in activities leading to the furtherance of careers in commercial and industrial construction in accordance with the purposes of the institute. "(14) To cooperate or partner, or both, with regional and national organizations promoting construction workforce development, including the sharing of non-monetary marketing and educational resources and databases, in furtherance of the purposes of the institute. "(15) To do all things necessary or convenient to carry out the powers and purposes conferred by this section. "(16) To exercise any and all powers permissible under...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB459.htm - 141K - Match Info - Similar pages
HB569
Rep(s). By Representative Clouse HB569 ENGROSSED A BILL TO BE ENTITLED AN ACT To authorize the creation of a new public corporation of the State of Alabama to be known as the "Alabama Economic Settlement Authority"; to make Legislative findings; to provide procedures for incorporating the authority; to provide for the members, officers and directors of the authority; to provide for the powers of the authority; to authorize the issuance of bonds by the authority and to provide for the source of payment of, and security for, the bonds; to provide for the form, sale and execution of the bonds; to provide for the disposition of the proceeds of the bonds, including deposits in the Alabama Trust Fund and the General Fund Rainy Day Account of the Alabama Trust Fund and the payment of costs of certain transportation projects; to create a special fund to be known as the "BP Settlement Fund" and to provide for deposits into and withdrawals from the fund; to appropriate and pledge certain...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB569.htm - 42K - Match Info - Similar pages
HB526
176321-1:n:04/06/2016:LLR/tj LRS2016-1308 HB526 By Representative Scott RFD Financial Services Rd 1 12-APR-16 SYNOPSIS: This bill would create the Alabama Motor Vehicle Title Loan Act. The bill would: Require licensure by the State Banking Department for a person to act as a title loan lender; provide for the application for licensure; require a bond and a nonrefundable application and investigation fee; provide for inactive licenses, renewal and reactivation of licenses, a fee for the license, and for the denial, suspension, or revocation of licenses. The bill would specify acts which constitute violations for which certain disciplinary actions may be taken; would provide for the imposition of fines and criminal penalties; and would provide remedies for title loans made or serviced without proper licensure. The bill would establish requirements for a title loan agreement; would provide for reclaiming a repossessed motor vehicle under certain circumstances; and would provide payment of...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB526.htm - 54K - Match Info - Similar pages
SB292
173949-2:n:02/24/2016:LFO-HP/bdl SB292 By Senators Orr and Melson RFD Fiscal Responsibility and Economic Development Rd 1 24-FEB-16 SYNOPSIS: Under existing law, liquor wholesale licensees may sell liquor at wholesale to the Alabama Alcoholic Beverage Control Board or as authorized by the board, other than to a retail licensee of the board. Under existing law, state liquor stores operated by the Alabama Alcoholic Beverage Control Board and certain licensed private retail stores may sell liquor at retail. Under existing law, retail licensees of the board must purchase liquor from the board for resale. This bill would require the Alabama Alcoholic Beverage Control Board to phase out retail sale of alcoholic beverages by the board prior to October 1, 2021 but continue all other functions prescribed by law; require the board to obtain the best available price for fixed assets, equipment, and property; and require the Department of Economic and Community Affairs to provide certain technical...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB292.htm - 78K - Match Info - Similar pages
SB330
175097-1:n:03/07/2016:PMG/th LRS2016-916 SB330 By Senator Ward RFD Banking and Insurance Rd 1 08-MAR-16 SYNOPSIS: Under existing law, lenders of $1,000 or less are licensed and regulated under the Alabama Small Loan Act. This bill would authorize non-bank lenders to issue short-term unsecured loans, known as flex loans. This bill would provide for the licensure and regulation of lenders of flex loans by the State Banking Department. This bill would establish the maximum interest rate and maximum duration of a flex loan and provide for fees that may be charged to a customer. This bill would set qualifications, including financial guarantees, for lenders and provide civil penalties for violations by lenders. This bill would also authorize the State Banking Department to enforce the provisions of this act and promulgate rules. A BILL TO BE ENTITLED AN ACT Relating to short-term loans; to authorize non-bank lenders to issue short-term unsecured loans, known as flex loans; to provide for...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/SB330.htm - 39K - Match Info - Similar pages
HB202
Rep(s). By Representative Poole HB202 ENROLLED, An Act, To adopt a revised Alabama Limited Partnership Law as Chapter 9A of Title 10A of the Code of Alabama 1975; to provide for the various processes of formation of a limited partnership; to provide default provisions; to provide that certain obligations of a limited partnership may not be modified in the agreement; to specify the information required to be included in various filings; to specify that when both the converting entity and the converted entity are domestic entities, the statement of conversion and the certificate of formation would be filed simultaneously with the Secretary of State; to make various harmonizing changes to the limited liability company law; to amend Sections 10A-1-1.03, 10A-1-1.06, 10A-1-1.08, 10A-1-4.26, 10A-1-6.02, 10A-1-6.13, 10A-1-6.25, 10A-1-7.07, 10A-5A-1.10, 10A-5A-4.01, 10A-5A-5.04, 10A-5A-7.01, 10A-5A-7.02, 10A-5A-10.03, 10A-5A-10.04, 10A-5A-10.07, and 10A-5A-10.08, Code of Alabama 1975; and to...
alisondb.legislature.state.al.us/alison/searchableinstruments/2016rs/bills/HB202.htm - 233K - Match Info - Similar pages
|